In the Bradford County participating area with Talisman, there were a total of 17 (4.5 net) wells producing, 13 (3.5 net) wells waiting on completion and 24 (6.5 net) wells waiting on pipeline.In northwest Pennsylvania, Range drilled its first Utica well (50% WI) on its 181,000 net acres. The well encountered 285 feet of Utica/Point Pleasant pay at a depth of approximately 7,000 feet. The well confirmed that we are in the wet gas window and have good pressure. Diagnostics indicate that the well was not effectively stimulated and to date has tested at just over 1.4 Mmcfe per day. However, we are encouraged by the well data and we are monitoring offset activity as we choose the timing of our next test.
Range Reports Outstanding 2012 Results
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